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The glycerol derivatives market has experienced substantial growth in recent years, driven by increased production, a focus on sustainability, and growing demand from various industries. This blog delves into the current state and future prospects of the market, highlighting key drivers, trends, and company innovations.

Current Market Size and Growth

Market Expansion

• 2023 Market Size: $15.04 billion
• 2024 Projected Market Size: $16.11 billion
• CAGR (2023-2024): 7.2%

The glycerol derivatives market has seen significant growth, increasing from $15.04 billion in 2023 to a projected $16.11 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. This growth can be attributed to:

• Increased production of glycerol
• Focus on sustainability and reducing carbon footprint
• Rising demand from pharmaceuticals and cosmetics
• Growing utilization of glycerol

Future Market Outlook

Projected Growth

• 2028 Projected Market Size: $21.37 billion
• CAGR (2024-2028): 7.3%

The market is expected to continue its strong growth trajectory, reaching $21.37 billion by 2028 at a CAGR of 7.3%. Factors contributing to this growth include:

• Increasing focus on sustainability and renewable resources
• Growing industrialization
• Rising production of biodiesel
• Demand for environmentally friendly chemicals
• Increasing inventories

View More On The Glycerol Derivatives Market Report 2024 – https://www.thebusinessresearchcompany.com/report/glycerol-derivatives-global-market-report

Key Drivers of Market Growth

Surge in Food and Beverage Industry

The food and beverage industry significantly propels the glycerol derivatives market. The industry involves the production, processing, distribution, and sale of food and drink products. Growth drivers include:

• Urbanization and economic growth
• Rising incomes and health and wellness trends
• Globalization and social media influence

Example

According to Atradius NV, the UK’s food and beverage output increased by over 4.1% in 2021, following a 5.3% contraction in 2020. This resurgence highlights the food and beverage industry’s role in driving market growth for glycerol derivatives.

Major Companies and Innovations

Key Market Players

• Shell Plc
• Cargill Incorporated
• Archer Daniels Midland Company
• BASF SE
• The Procter & Gamble Company
• The Dow Chemical Company
• ThyssenKrupp AG
• Mitsubishi Chemical Corporation
• Sasol Limited
• Arkema SA
• Akzo Nobel N.V.
• Kerry Group plc
• Huntsman Corporation
• Lonza Group AG
• Sakamoto Yakuhin Kogyo Co. Ltd.
• Acuro Organics Limited
• Haihang Industry Co. Ltd.

Innovative Products

Companies in the glycerol derivatives market are developing innovative products to enhance functionality and appeal. For instance:

• BASF SE’s Euperlan NL Pearl: Launched in December 2022, this wax-based pearlizer is COSMOS-compliant and suitable for ethylene oxide and sulfate surfactant-free solutions. It uses glycerol oleate as an emulsifier, emollient, and skin conditioning agent, making it ideal for hair care applications.

Strategic Partnerships

• Deasyl Swiss and Lootah Biofuels Partnership: In October 2023, Lootah Biofuels partnered with Deasyl SA to advance biofuel and glycerol valorization manufacturing. This collaboration aims to develop sustainable processes for producing biofuels and valuable by-products from crude glycerol.

Market Segmentation

By Product

• 4-(Hydroxymethyl)-1 3-Dioxolan-2-One
• Polyglycerol
• Propane-1 2 3-Triyl Triacetate
• 1 3 Propanediol
• Propylene Glycol
• Other Products

By Grade

• Bio-Based
• Petroleum-Based

By End-Use

• Food and Beverage
• Pharmaceuticals
• Cosmetics and Personal Care
• Construction
• Other End-Users

Regional Insights

Asia-Pacific was the largest region in the glycerol derivatives market in 2023, reflecting the high demand and widespread use of glycerol derivatives in the region.

Conclusion

The glycerol derivatives market is poised for continued growth, driven by increasing industrialization, focus on sustainability, and rising demand from various sectors. With major companies investing in product innovations and strategic partnerships, the future of the glycerol derivatives market looks promising.

Request A Sample Of The Global Glycerol Derivatives Market Report 2024:

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The Glycerol Derivatives Global Market Report 2024  provides comprehensive insights on the glycerol derivatives market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the glycerol derivatives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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